Overview
What is Nac Conservation Inc?
Nac Conservation Inc is a nonprofit organization, based in Nantucket, Massachusetts, with a focus on real estate management for a noble cause. The primary mission of Nac Conservation Inc is to preserve habitats, promote the growth of fish and wildlife, and conserve land for charitable and educational purposes. By owning and managing properties, they aim to ensure the protection of these precious resources, fostering biodiversity and contributing to environmental education. Their efforts are dedicated to the betterment of the ecosystem, making a significant impact on the local community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (47%)
Nac Conservation Inc has received a low rating of 47% from Charity Navigator, which translates to a Zero-Star out of Four Star rating. This score suggests significant concerns regarding the organization's overall accountability and financial management. While the charity does excel in certain governance aspects, such as having a fully independent board and effective conflict of interest policies, these strengths are overshadowed by alarming financial metrics.
One major drawback noted in the evaluation is the program expense ratio, which stands at 0.00%. This indicates that the organization is not allocating any of its resources towards its programs, which raises questions about its operational effectiveness and impact. Additionally, the liabilities to assets ratio of 0.87% reflects a potential financial instability that may hinder its sustainability.
While Nac Conservation Inc has policies in place that align with best practices in governance, the lack of financial investment in its core mission is a critical limitation. Stakeholders might want to seek more information regarding its programs and overall impact before considering support.
This AI summary has been generated from information found on Charity Navigator.
Is Nac Conservation Inc legitimate?
Nac Conservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nac Conservation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Nac Conservation Inc?
Nac Conservation Inc is dedicated to preserving habitats, fostering the growth of fish and wildlife, and conserving land for charitable and educational purposes. Through their mission, they aim to purchase, hold, and manage real estate for these conservation efforts. This organization's work is focused on contributing to the well-being of the environment and furthering educational pursuits in a charitable capacity.
Who is the CEO of Nac Conservation Inc?
Norman Frazee is the President of Nac Conservation Inc.
What is the revenue of Nac Conservation Inc?
Nac Conservation Inc's revenue in 2022 was $48,075.
Who are the executives of Nac Conservation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Nac Conservation Inc?
Nac Conservation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nac Conservation Inc
Nac Conservation Inc, a non-profit organization, is dedicated to the preservation of natural habitats, the propagation of fish and wildlife, and the conservation of land for charitable and educational purposes. By acquiring and managing real estate, this organization aims to contribute significantly to the preservation of biodiversity and the protection of ecosystems. This mission is undertaken with a view to promote the understanding and appreciation of nature, thereby fostering a culture of conservation and sustainability.
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Impact
June, 2024
Nac Conservation Inc's impact lies in its dedication to buying, holding, and administering real property for habitat preservation, propagation of fish and wildlife, and land conservation for charitable and educational purposes. Through its activities, this organization based in Nantucket, MA, is actively contributing to the protection and conservation of natural habitats and wildlife. It focuses on safeguarding the environment and promoting biodiversity, making a tangible difference in the preservation of our planet. Nac Conservation Inc's work aligns with its mission to secure and manage land for the betterment of ecological systems and for the benefit of future generations.
This information is meant to be a general summary of Nac Conservation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $43,702
- Gross Receipts: $89,700
Assets and Liabilities:
- Total Assets: $3,226,828
- Total Liabilities: $28,252
- Net Assets: $3,198,576
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Organization Details
Founding Year
2009
Principal Officer
Norman Frazee
Main Address
1 New Whale Street, Nantucket, MA, 02554
NTEE Category
Code: C30 - Environment
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